Market Recap – Weekly Update (October 28, 2023)

Market Recap: Weekly Update

(October 28, 2023)

YTD refers the Returns from January 1, 2023 till October 27, 2023

Weekly Change

YTD

Nifty
19,047.25

-2.71%

INR  5.2%
USD  4.5%

Sensex
63,782.80

-2.51%

INR  4.84%
USD  4.11%

Bank Nifty
42,782

-2.14%

INR -0.48%
USD  -1.16%

NASDAQ 100
14,180.42

-2.3%

30.54%

S&P 500
4,117.37

-2.21%

7.67%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

20.8

914

Nifty Bank

14.9

2879

Nifty Financial Services

16.8

1135.9

Nifty IT

25.8

1187.9

Nifty Auto

25.5

634.6

Nifty FMCG

42

1222.5

Nifty Healthcare

35.3

262.5

Nifty Pharma

31.4

470.1

Nifty Consumer Durables

60.2

465.6

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.41

0.46%

EUR/INR

88.25

-0.35%

EUR/USD

1.0593

-0.25%

Brent Crude

90.07

-1.37%

Gold (USD/OZ)

2006.52

1.45%

Gold (INR/10G)

24 caret

62,735

Delhi

0.35%

FII and DII Weekly Trading Data

FII

Gross Purchases

36,904.71

Gross Sales

50,091.72

Net Purchases / Sales

13,187.01

DII

Gross Purchases

38,397.77

Gross Sales

26,844.43

Net Purchases / Sales

11,553.34

 

Key Market Updates
  • Nifty 50 Top gainers: Axis Bank Ltd., HCL Technologies Ltd, Coal India ltd.
  • NIFTY 50 Top losers: UPL, Adani Enterprises, HDFC Life Insurance, JSW Steel Ltd, Asian Paints Ltd.
  • RIL Q2 results: Net profit rises 30% YoY to Rs 19,878, Gross revenue stood at 2.55 lakh crore.
  • Asian Paints Q2 Results: PAT soars 53% YoY to Rs 1,232 crore. Revenue from operations increased just 0.2% YoY to Rs 8,478.6.
  • Maruti Suzuki Q2 Results: Net profit jumps 80% YoY to ₹3,716.5 crore.
  • Dr Reddy’s Q2 Results: Net profit rises 33% to ₹1,482 crore, revenue up 9% YoY.
Startup, M&A Deals
  • Ola Electric raised Rs 3,200 crore ($380 million) in equity and debt funding from Temasek and State Bank of India.
  • PMI Electro Mobility, the electric bus manufacturer, raised Rs 250 crore ($30 million) from Piramal Alternatives, Piramal Group’s fund management business.
  • Husk Power Systems Raises $43 Million To Drive Renewable Energy Expansion In Africa And Asia
  • SaaS startup Blubirch raised $6.37 million from Cornerstone Ventures and Capital2B.
  • Aditya Birla’s Tmrw invests Rs 155 crore in The Indian Garage Co.
  • Future Group takes control of Aadhaar Wholesale Trading and Distribution.

Checkout the last week’s Market trends here: Market Recap (October 21, 2023)

Subscribe to our newsletter and follow us on InstagramFacebook, and LinkedIn to get the weekly update.

Cover Image Source: Freepik

Open a Demat account with

– No. 1 Broker in India
– For Indian Stocks & MFs
– For Residents & NRIs
– Flat Brokerage per Order
– Best User Experience

OPEN ACCOUNT

Start investing in

– Start-Ups with Revenue
– Early & Growth Stages
– All Sectors
– Seed Stage to Series B
– Moderate to High Risk
– 3X to 10X Potential

REGISTER NOW
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Spotify
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound
Cart Overview

Startup Investing

Zerodha Account

Request a Report

We will do our best to share it within 2 working days:

For e.g. 15th March '20 to 18th March '20